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Technology Stocks : HOMS Homestore.com
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To: who cares? who wrote (80)2/20/2001 3:20:32 AM
From: Ray Rueb  Read Replies (3) of 505
 
Insiders sell for many reasons

SEC - FROM 01/30/01-01/31/01, WOLFF STUART H, CHAIRMAN OF THE BOARD
OF HOMESTORE.COM INC (TICKER:HOMS) SOLD 35,625 SHARES AT
$30.01 - $30.14, BRINGING HOLDINGS TO 2,717,465 SHARES.

Oh, my g*d!
The CEO sells 2 or 4% of his holdings and you think this is a reason to short this stock?

I know this man.
He's one of the sharpest men I've ever met.
The fact that he's keeping 95% of his holdings speaks much louder than the sale.

Remember, there is a very high probability that most of his net worth is tied up in the stock and options of this company. I'd be more worried if he didn't periodically do the prudent thing and diversify.

If you're going to tout shorting this stock, use something reasonable, not insiders selling a tiny portion of their total holdings.

You all be careful out there
Ray
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